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What is the value of the stock if the appropriate discount

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Reference no: EM131965018

Todd Co. just paid dividends of $2.00 (D0) per share. These dividends are expected to grow at an 18% rate for the next three years and at a 6% rate thereafter (forever). What is the value of the stock if the appropriate discount rate is 12%?

Reference no: EM131965018

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